American Realty to Receive $60 Million from RCS Capital to Agree to Terminate Purchase Agreement

RCS Capital Corp. and American Realty Capital Properties Inc. have reached a settlement over RCS Capital’s decision to break off a deal for brokerage Cole Capital Partners LLC and Cole Capital Advisors Inc.

The firms also agreed to “terminate, unwind or otherwise discontinue all agreements, arrangements and understandings between the two companies and any of their respective subsidiaries,” American Realty Capital Properties said.